Som Distilleries & Breweries Ltd. · NSE:SDBL
Som Distilleries & Breweries — Q3 FY2023 Earnings Presentation
24 slides from Som Distilleries & Breweries's earnings presentation, Jan 25, 2023
Slide 1: Exchange filing cover letter: Investors Presentation
SOM DISTILLERIES AND BREWERIES LIMITED Registered Office: I-A, Zee Plaza, Arjun Nagar, Safdarjung Enclave, Kamal Cinema Road, New Delhi - 110029 Phone: +91-11-26169909, 26169712 Fax: +91-11-26195897 Corporate Office: SOM House, 23, Zone II, M.P. Nagar, Bhopal, Madhya Pradesh – 462011 Phone: +91-755-
Slide 2: Earnings Presentation Q3 and 9M FY2023
SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL) Earnings Presentation Q3 and 9M FY2023
Slide 3: Q3 FY2023 Earnings Conference Call
Q3 FY2023 Earnings Conference Call Conference Call Details: Friday, 27th January 2023 at 4:00 PM IST Diamond Pass Link Primary Number +91 22 6280 1106 / +91 22 7115 8007 The number listed above is universally accessible from all networks and all countries. USA: 1 866 746 2133 UK: 08 081 011573 Toll
Slide 4: Q3 FY2023 Performance
Q3 FY2023 Performance
Slide 5: The only listed Beer and IMFL company in India
SOM Distilleries: The only listed Beer and IMFL company in India Business Overview Beer Brands • SOM Distilleries & Breweries Limited (SDBL) is based in Bhopal and is one of the leading alcoholic beverages manufacturers in India • SDBL is primarily engaged in production of beer and blending and bott
Slide 6: Investment Case
Investment Case Millionaire • Only listed company in India having both Beer and IMFL, which complement each Brands other and reduces the risk of seasonality while providing marketing efficiencies • Strong portfolio of brands including millionaire brands, Hunter, Black Fort and Power Cool • Continuou
Slide 7: National and International Presence
National and International Presence Presence 6
Slide 8: Business Highlights
Business Highlights • The company experienced robust sales of over 100 lakh cases of beer in the last 9 months, highlighting the strong demand for our products and solidifying our position in the industry • Som displayed its tenacity and customer appeal in a cutthroat market by holding 14% of Karnat
Slide 9: Q3 FY2023 Financial Highlights
Q3 FY2023 Financial Highlights Performance led growth impacting the topline Beer Sales Volume IMFL Volume Net Debt / 9M EBITDA 26 Lakh Cases 3 Lakhs Cases +68.9% +55.1% 2.06x Total Income EBITDA PAT Rs. 1,510 mn Rs. 195 mn Rs. 105 mn +66.7% Margin: +12.9% Margin: +7.0% 8
Slide 10: Management Commentary
Management Commentary The Company's performance for Q3 FY2023 was particularly strong, with encouraging results across various key metrics. We recorded beer volume growth of over 68.9% y-o-y, and IMFL growth of over 55.1% y-o-y. This has led to a topline growth of 66.7% y-o-y. In October 2022, the c
Slide 11: Performance Highlights
Performance Highlights Q3 Y-o-Y 9M Y-o-Y (Rs. Million) FY2023 FY2022 Growth (%) FY2023 FY2022 Growth (%) Total Income 1,510 906 66.7% 5,550 2,196 152.8% Gross Profit 627 404 55.0% 2,351 1,011 132.5% Margin (%) 41.5% 44.6% 42.4% 46.0% EBITDA 195 68 nm 740 79 nm Margin (%) 12.9% 7.5% 13.3% 3.6% Intere
Slide 12: 9M FY2023 Performance
9M FY2023 Performance
Slide 13: 9M FY2023 Financial Highlights
9M FY2023 Financial Highlights Volume growth leading to the company reaching new heights Beer Sales Volume IMFL Volume Total Volume 102 Lakh Cases 6 Lakhs Cases 109 Lakhs Cases +161.3% +60.7% +152.0% Total Income EBITDA PAT Rs. 5,550mn Rs. 740 mn Rs. 444mn +152.8% Margin: +13.3% Margin: +8.0% 12
Slide 14: Performance Discussion
Performance Discussion Operational efficiencies leading to better cost management • Recorded beer volume of 102 lakh cases (161.3% y-o-y) • Recorded IMFL volume of 6 lakh cases (60.7% y-o-y) Volume and Sales • Beer revenue of Rs. 5,015 million; over 173.6% of 9M FY22 • Our mainline brands; Hunter, B
Slide 15: Leverage Profile
Leverage Profile Dec 31 Sep 30 Jun 30 (Rs. Million) 2022 2022 2022 Secured 1,153 1,219 1,226 • Gross Debt reduced by Rs. 78 million and Borrowings Net Debt reduced by Rs. 101 million Unsecured 529 540 576 • Significant improvement in leverage Borrowings ratios Gross Debt- 1,682 1,760 1,803 Consolida
Slide 16: Operational Highlights
Operational Highlights
Slide 17: Volume Summary
Volume Summary Q3 Y-o-Y 9M Y-o-Y Lakh cases Growth Growth • The volumes were driven by strong growth FY2023 FY2022 FY2023 FY2022 (%) (%) across mainline brands Hunter 6 5 16.5% 35 16 118.7% • Power Cool recorded ~2.4x volume compared to same period last year driven by enhanced Black Fort 4 3 13.6% 1
Slide 18: Millionaire Beer Brands – Volume Recovery
Millionaire Beer Brands – Volume Recovery 20.0 8.9 9.0 4.8 5.6 Quantity Sold (in lakh cases) Q3 FY2022 Q4 FY2022 Q1 FY2023 Q2 FY2023 Q3 FY2023 7.2 4.1 3.6 3.2 3.4 Q3 FY2022 Q4 FY2022 Q1 FY2023 Q2 FY2023 Q3 FY2023 19.4 16.0 17.0 13.4 7.2 Q3 FY2022 Q4 FY2022 Q1 FY2023 Q2 FY2023 Q3 FY2023 17
Slide 19: Sustainability
Sustainability
Slide 20: Environment: Committed to minimizing environmental impact
Environment: Committed to minimizing environmental impact across the full range of our operations Clean Technology • Seeks to improve its environmental performance by adopting cleaner production methods, promotion of energy efficient and environmental friendly technologies • Suitable processes and s
Slide 21: Social: Actively contributing to the community
Social: Actively contributing to the social, economic and environmental development of the community in which we operates Product Quality • Providing the best quality products and services to its consumers. SOM provides high-quality product assurance by - o Maintaining international standards and sp
Slide 22: Governance: Profitability with responsibility
Governance: With strong sense of values and commitment, we believe that profitability must go hand in hand with a responsibility Experienced and Skilled Board of Directors • Optimal blend of Executive and Non-Executive Directors with an appropriate balance of skills, experience, diversity and indepe
Slide 23: Awards and Recognitions
Awards and Recognitions Awarded Innovative CEO and Voted as ‘Asia’s Most Promising Best Product Debut and Best CSR excellence for smart Innovation by: Brand’ Award by: Spiritz Innovative 100 Winner of Monde Selection Quality Winner of AsiaStar Award SOM Distilleries & Breweries ESG Profile Link: htt
Slide 24: SOM Distilleries & Breweries Limited
SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL) (CIN: L74899DL1993PLC052787) Registered Office: Corporate Office: Zee Plaza, 1 - A SOM HOUSE Kamal Cinema Road 23, Zone II Arjun Nagar Maharana Pratap Nagar, Safdarjung Enclave Bhopal 462011 New Delhi 110029 Ph.: +91 755 427 8827 Nakul Se
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